“I just finished reading your report on exit strategies in the Van Tharp Institute newsletter. That is really great information and quite possibly what my two trading strategies have been missing… Your more complex exit strategies make complete sense to me and I will start applying them immediately. I just wanted to say thank you for writing the article and I look forward to keeping track of your blog”.

(As a writer/blogger I really appreciate feedbackJ)

Executing Your Exit Strategy Flawlessly

Executing your exit strategy in shifting market types is not as simple in practice as it is in theory. There’s a lot to keep track of, and price action can be volatile at the best of times.

You need to keep tabs on the current market type, and be mindful of the applicable exit rule at a minimum. If you’re scaling in and out of your position(s), you need to be aware of the multiple rules for doing so in any given market type. As you can see, this can become a little unwieldy.

Help is at hand.

One of my students had the bright idea to put together a matrix of exit rules and market types on a spreadsheet. I volunteered to put it together, as long as I could share it with you. Here it is: